KYC AML Compliance Officer (12 Months)

China Merchants Bank; Singapore; Presencial; SGD 60.000 - 100.000; Tempo integral

Benefícios oferecidos por esta vaga

1 month completion bonus

Renewable Contract (subject to perf.)

Medical Insurance

Resumo da vaga

China Merchants Bank Singapore branch is seeking an AML/KYC Compliance Specialist to monitor daily transaction alerts, investigate suspicious activities, and file STRs as needed. The role includes reviewing name screening hits for sanctions and PEPs, and ensuring proper CDD/EDD for client onboarding and periodic reviews.

You will prepare FATCA/CRS data, support AML systems, and assist in policy updates, regulatory submissions, and audits.

Qualificações

• 3–4 years AML/KYC experience in banks or financial institutions.
• Fluent in English and Mandarin to liaise with stakeholders.
• Strong analytical and problem-solving abilities.

Responsabilidades

• Monitor daily AML transaction alerts and conduct investigations into suspicious activity; escalate as required.
• Review hits from name screening tools (sanctions, PEPs, adverse media) and ensure compliance with regimes.
• Oversee client onboarding and periodic reviews including source of wealth/funds verification.
• Prepare and validate FATCA/CRS data for reporting; ensure data integrity.
• Support AML/CFT policy updates, training, and regulatory submissions; assist audits.

Conhecimentos

AML/KYC experience

Interpersonal communication

Analytical thinking

Independent working

Mandarin fluency

Descrição da vaga

Company Overview:

China Merchants Bank Singapore branch provides comprehensive cross-border financial services for local Singapore and Chinese enterprises and high net worth individual customers. Main business covers Corporate Banking service, Financial Institution service, Treasury service and Private Banking services. Including deposit and settlement, cross-border financing loans, trade finance, merge & acquisition, syndicated loans, risk participation, import/export refinancing, spot/forward foreign exchange transactions and foreign exchange derivatives, bond financial adviser, all-round private banking services, etc.

Job description:

• Monitor daily transaction alerts generated from AML systems, conduct investigations into suspicious activities, and escalate or file Suspicious Transaction Reports (STRs) as required.
• Reviewed and disposition hits from name screening tools (e.g. sanctions, PEPs, adverse media), ensuring compliance with applicable international sanctions regimes (e.g. OFAC, UN, EU).
• Review and monitor client onboarding and periodic reviews to ensure proper Customer Due Diligence (CDD), Enhanced Due Diligence (EDD) for high-risk clients, including source of wealth/funds verification.
• Prepare and validate client data related to FATCA and CRS for reporting purposes, ensuring data integrity and regulatory compliance.
• Support the operation and enhancement of AML systems, including transaction monitoring and name screening platforms.
• Assist in the execution and periodic update of the Enterprise-Wide Risk Assessment (EWRA), including risk identification and control evaluation.
• Maintain and update AML/CFT policies and procedures in alignment with MAS Notice 626, head office standards, and regulatory requirements.
• Assist in drafting and reviewing internal AML framework, policies, and procedures.
• Support regulatory submissions, respond to queries from authorities, and assist in internal/external audits, inspections, and compliance reviews.
• Provide AML/CFT advisory to business units, including sanctions, CDD documentation and requirements, control implementation and risk mitigation guidance.
• Deliver AML/CFT training and awareness to staff across functions.
• Keep abreast of regulatory developments and assist in implementing necessary control enhancements.
• Perform all other duties as assigned by, or in the absence of, the Head or Deputy of Legal and Compliance Department.

Requirements:

• At least 3 - 4 years of AML/KYC compliance experience in banks and/or Financial Institutions; preferably in corporate banking/private banking with experience in transaction monitoring/STR.
• Self-starter with excellent interpersonal and communication skills.
• Good analytical and problem solving ability.
• Able to work independently and as part of a team.
• Fluent in both English and Mandarin to liaise with internal and external Chinese stakeholders.

Additional Details:

• 1 month completion bonus
• Renewable Contract (subject to performance)
• Medical Insurance